12 February 2010
1) How much Tution fees are deductable for tax saving & for how many children, i understand it is for 2.
2) Now if i already had one kid and by second delivery if my wife gave birth to twins than can i get tution fees deduction for both kids (1+2) or only for 2.
The act says that any sum paid as tution fees to any educational institution in india for full time education of any two children of an individual either at the time of admission or otherwise is liable for deduction under section 80C. But the payment should not be for development fees, donation or of similsr nature.
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